DailyTech first
brought you details on Fisker Automotive's Hybrid Premium Sports Sedan (HPSS)
in late
October. The hybrid four-door generated a lot of interest around the web
for its sleek design and claimed fuel economy.

The North American International Auto Show, which is
currently taking place in Detroit, is the staging ground for more information
on Fisker's gorgeous concept. The HPSS is now known as the Karma. Fisker also
revealed that the Karma's propulsion system will work similarly to the Chevrolet
Volt.

In addition to being a plug-in hybrid, the Karma uses a
small internal combustion engine (ICE) to recharge a lithium-ion battery pack
-- the ICE provides no forward momentum. The Karma can travel 50 miles on
battery power alone before the ICE kicks in.

Fisker says that the powerful electric motors used in its Karma
are good enough to propel the Karma to 60 MPH within 5.8 seconds. Top speed is
a lofty 125 MPH.

"The car we're showing in Detroit is not your usual
show car," said Henrik Fisker, CEO of Fisker Automotive. "It's
actually a preview of the production car you can buy."

According to the Wall Street
Journal, Fisker Automotive has the backing of venture-capital firm
Kleiner Perkins Caufield & Byers -- the firm has backed famous companies
like Google and Amazon.com. "We have all the capital we need to move
forward according to the plan," said Fisker. "We're still going to
raise money later in the year, but we don't see that as a big issue."

The Fisker Karma will be priced at $80,000 and the company envisions
sales of 15,000 units per year. Expect deliveries of the Karma to begin in late
2009 or early 2010.